In the ZK track, @Succinct is reshaping the paradigm of 'proof networks' with a brand new approach. The mainnet launch + $PROVE issuance is not just an event, but a watershed moment for the entire ZK to enter 'mass production'.
SP1 zkVM is the engine behind it all. Unlike early ZK systems that are like 'ASIC chips' and can only solve a single problem at a huge cost ($100 million + professional teams), SP1 is more like a 'CPU', capable of running any program, achieving both universality and flexibility. To draw a parallel with AI, old ZK is like training a small model that can only handle a single scenario, while SP1 is like GPT-4, able to generate verifiable proofs from any code input.
This brings two important changes:
Cost collapse: The cost of proof has dropped from $0.02 to $0.001–$0.002 per transaction, allowing ZK to move from a 'rich person's chain' to 'accessible to everyone'.
Computing power release: Through GPU clusters distributed globally, forming an instant supply pool, combined with a verifiable work mechanism, solving trust issues.
At the same time, the Prover Network introduces a real-time bidding mechanism, where nodes must stake $P to participate, and failure to fulfill tasks will result in penalties. This ensures efficiency and enhances decentralization.
From the demand side, ZK Rollup, Ethereum L1 rapid verification, on-chain exchanges, and cross-chain middleware are all urgent markets. Ethereum's annual verification expenditure of $4–5 billion, if even 10% shifts to zero-knowledge proofs, means over $500 million in market space.
In the further future, the significance of #SuccinctLabs goes beyond just cryptocurrency itself. ZK identity verification (ZKYC), real-time audit compliance, and on-chain identity privacy protection will gradually be implemented under its framework.
This is why we say that $PRO$PROVE is not just a token, but a passport into the 'PROVE era'. The technological turning point has emerged, and what remains to be done is to witness its expansion from 'experiments of a few chains' to 'infrastructure for everyone'.
